Again using the loan from problem 2 , but start the loan in January for convenience, you
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Again using the loan from problem 2 , but start the loan in January for convenience, you have a job that pays you a small subsistence salary monthly and then sends you your commission checks quarterly. You negotiated a loan that allows you to pay interest only for 2 months and then to make a payment large enough to “ catch up ” on the third month. Show the fi rst year ’ s amortization table for this loan.
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Understanding The Mathematics Of Personal Finance An Introduction To Financial Literacy
ISBN: 9780470497807
1st Edition
Authors: Lawrence N. Dworsky
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